24/7 Market News Snapshot 13 February, 2025 – Himax Technologies, Inc. (NASDAQ:HIMX)

February 13, 2025

DENVER, Colo., 13 February, 2025 (247marketnews.com) – (NASDAQ:HIMX) are discussed in this article.
Himax Technologies, Inc. (HIMX) has demonstrated noteworthy resilience and growth potential in the semiconductor sector, with its shares experiencing a substantial increase to $10.81, an 18.3% rise from the previous closing of $9.14. This surge is supported by a trading volume of 2.13 million shares, indicating robust investor interest. The recent price dynamics suggest a potential breakout, with analysts closely monitoring trading volumes and price patterns to assess the sustainability of this momentum.

Concurrently, Himax reported strong financial results for the fourth quarter and full-year 2024, underscoring its operational adaptability and market strength. In Q4 2024, the company achieved net revenues of $237.2 million, reflecting a sequential increase of 6.7% and exceeding the anticipated slight decline. This growth was largely driven by significant demand in the automotive sector, where sales rose nearly 20% year-over-year. Supported by strategic product mix and effective cost management, the company’s gross margin improved to 30.5%, an increase from the prior quarter’s 30.0%.

The financial performance culminated in an after-tax profit of $24.6 million, equating to 14.0 cents per diluted American Depository Share (ADS), notably outpacing the guidance of 9.3 to 11.0 cents. For the entire fiscal year 2024, Himax recorded revenues of $906.8 million, maintaining a consistent gross margin.

Looking to the future, while the first quarter of 2025 is expected to experience a seasonal revenue decline of 8.5% to 12.5%, the long-term outlook remains optimistic, with projections for flat to modest growth year-over-year. With a commanding presence in automotive technologies, particularly in Touch and Display Driver Integration (TDDI), where it holds over 50% market share, Himax is well-positioned to capitalize on emerging trends in augmented reality and artificial intelligence, as showcased at CES 2025. The company’s commitment to innovation ensures it remains a pivotal player in navigating forthcoming industry challenges while pursuing ongoing market expansion.

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